553 Ceres Avenue, Los Angeles, CA 90013 - Berkshire Hathaway HomeServices California Properties
553 Ceres Avenue Los Angeles, CA 90013
$1,850,000 0 beds, 0 baths
5, 430 sqft

Agent Remarks

Looking for a 8 cap day one with upside to a 10 cap- look no further. This 28 unit SRO building (SRO means Single Room Occupancy - they are like hotel rooms - no kitchens ) may be the right one for you. Located on the border of Downtowns thriving Arts District ( although it does touch Skid Row ) it is located on Ceres Street , which is only one street west of Central - the dividing line to the Arts District. This could be a cool starving artists rental community. Skid Row is going through some heavy revitalization with multiple developments being erected. $2B project on 5th and Central to name one of a few being worked on. We are on 6th and Central. There is also the $47.5-million Skid Row Connectivity & Safety Project in the works. Some of the rooms share common bathrooms on each floor. Some have private bathrooms. No Kitchens in these rooms.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25495039
List price is $1,850,000
Beds: 0
Baths: 0
Built in 1903
5,430 sqft
2 stories
0.09 acres
Lot size: 0.0886
County: Los Angeles
Zoning: LAM2
Parking description: None
Heating/cooling: None
Heating description: Forced Air
MLS area: C42 - Downtown L.A.

Last Updated: 2/13/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.040352, -118.241234.
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Listing Agent: Alex Galuz
Lic#: 01234982
Office Name: Mission Viejo

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